March 13, 2020
Dear SEC:
I would like to express my strong objection to the proposed regulations requiring extensive additional financial and other information to be able to trade leveraged and inverse funds.
There are many situations and circumstances where such funds provide great value. Arguably, these funds are way less risky than great many of the individual stocks trading in the market today.
These extensive use is de facto proof of their utility. To target such funds while allowing other riskier stocks to continue trading is deeply unfair.
These funds have not been shown to cause any unnatural market movements. The extreme events of the past few weeks is evidence of that.
These new regulations do nothing to further the interest of investors. They simply take away flexibility and hedging tools away from individuals who understand how to use them.
Thank you for your time and consideration.